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THE STOCK MARKET CRASH AND DEPRESSIONFINAL WARNING: A HISTORY OF THE NEW WORLD ORDER |
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In the wake of Wilson's vow no central bank would be created, Hoover promises permanent prosperity: "We have not yet reached the goal, but given a chance to go forward with the policies of the last eight years, and we shall soon, with the help of God, be within sight of the day when poverty will be banished from the nation." So said Herbert Hoover on August 12, 1928, in his speech accepting the Republican nomination for President.
The Federal Reserve Board held a secret meeting on May 18, 1920, to plan a depression. Large banks began calling in loans, causing stocks to drop from a high of 138.12 in 1919, to a low of 66.24 in 1921. When the value of government bonds plummeted, they were forced to call in even more loans. When thousands of the banks' customers could not pay their notes, the banks seized their assets. After 1922, profits rose, and with the Federal Reserve's ability to lend ten times more than their reserves, credit was easily obtained. From 1923 to 1929, $8 billion was sliced off of the deficit. The Reserve expanded the money supply by 62%, and this excess money was used to bid the stock market up to fantastic heights. The media began publicizing that there was an enormous profit to be made from the stock market. This push was planned at a meeting of the International Bankers in 1926, who made the boom possible, and who were going to bring about financial disaster later. In 1928, the House hearings on the Stabilization of the Purchasing Power of the Dollar, revealed that the Federal Reserve Board had met with the heads of various European central banks at a secret luncheon in 1927 to plan what they believed may be a major crash. On February 6, 1929, after Montagu Norman, Chairman of the Bank of England, came to the United States to meet with Andrew Mellon, the Secretary of Treasury, the Reserve reversed its monetary policy by raising the discount rate, and during the next few months, after Paul Warburg had issued a tip in March, 1929, Illuminati members, who knew what the future held, got their money out of the stock market, reinvesting it in gold and silver. In the year before the crash, 500 banks failed. On October 24, 1929, the New York banking establishment began calling in their loans, forcing their customers to sell stock at ridiculously low prices in order to pay off the loans. Stock prices fell by 90%, and U.S. Securities lost $26 billion. Thousands of smaller banks and insurance companies went bankrupt, and people who had been millionaires, were now broke. To prolong the depression after the crash, from 1929 to 1933, the Reserve began to reduce the money flow by one-third.
To a limited extent, this same method was used to create minor 'depressions' in 1937, 1948, 1953, 1956, 1960, 1966, 1970, and 1979. In his book, My Exploited Father-in-Law by Curtis Dall (son-in-law of Franklin D. Roosevelt) wrote: "The depression was the calculated 'shearing' of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market . The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank."
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The writer Louis Adamic, wandering through what he called the "tragic
towns," told of the idle men he saw in Lawrence, Massachusetts: See also: Mathematic PROOF The Federal Reserve CAUSED The Great Depression."
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Hoover
spoke for most middle-class people. They thought the American dream of
unlimited plenty was close to fulfillment. The huge industrial machine
that had begun building up during the Civil War had reached fantastic
heights of mass production. Assembly lines poured out products by the
millions, while advertising stimulated the consumer to buy them. From
privy, ice-box, and buggy the country moved almost overnight into the New
Era of bathrooms, electric refrigerators, and automobiles. Washing
machines, vacuum cleaners, and telephones promised to make life easier and
more convenient. Homemade amusements gave way to radio and the movies.
American business and American salesmanship had put the nation aboard an
express train rushing toward permanent prosperity.
1
The
Great Depression, as it became known, was engineered by the Illuminati to
take money from the people, and to make them dependent on the Government
through the subsequent New Deal programs of Roosevelt. Congressman Louis
T. McFadden, Chairman of the House Banking and Currency Committee said:
"It was no accident. It was a carefully contrived occurrence ... The
International Bankers sought to bring about a condition of despair here so
they might emerge as the rulers of us all." 
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